What is the acb of smalls non-depreciable assets

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Question: Big Ltd., a Canadian public corporation owns 85% of the shares of Small Ltd. Both corporations have a December 31 year-end. The fair market value and tax value of the non-depreciable assets owned by Small total $400,000 and $100,000, respectively. The values have increased substantially from their $300,000 value at the time Big acquired Small. The shares of Small are currently worth $600,000 and have an ACB of $150,000. Big and Small amalgamated on January 1 of the current year. What is the ACB of Small's non-depreciable assets in the corporation formed by amalgamation?

Reference no: EM133432755

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